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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $198.57
- 3 Days on Market
- MLS # : 2263712
- Updated Date : 01/23/2021 at 16:14
CONSTRUCTION
- Beds : 4
- Floor Size : 1,964 sqft
- Baths : 3 full
Listing Agent
Simply Vegas
Listing Agent's Description
THIS GORGEOUS HOME IS THE PERFECT ONE THAT YOU HAVE BEEN WAITING FOR AND IS SURE TO CHECK ALL YOUR BOXES!! *UPGRADES, UPGRADES, UPGRADES* HIGHLY DESIRABLE BRIGHT & OPEN FLOOR PLAN, LAMINATE FLOORING, CEILING FANS, GREAT KITCHEN LAYOUT WITH SS APPLIANCES, BOASTING PLANTATION SHUTTERS THROUGHOUT, 4 BEDROOMS (1 DOWN), 3 FULL BATHS, 2.5 CAR GARAGE. BUT THATS NOT ALL--RELAXING & PRIVATE BACKYARD COMPLETE WITH A LARGE COVERED PATIO, SITUATED ON A POOL SIZED LOT WITH NO REAR NEIGHBORS AND LOW MAINT. SYNTHETIC TURF TO ENJOY THE OUTDOORS. MASTER BATHROOM HAS BEEN REMODELED WITH LOTS OF ADDITIONAL STORAGE, + HUGE WALK IN CLOSET. WALKING DISTANCE TO COMMUNITY PARK & MANNION MS. IMMACULATE, CLEAN, & MOVE IN READY... CHECK OUT THE 3D TOUR NOW & SEE THIS ONE BEFORE IT IS TOO LATE!!!
SEE MORE
- A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
- Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
- Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
- Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$243 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$101
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
4.5
YEARS SAVED
$17,471
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,640
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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185 Azalea Springs Avenue Henderson, NV 1
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- $1,650
- $0.84
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LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
160 Calm Morning Avenue Henderson, NV 4
- 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
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624 Monument Point Street Henderson, NV 5
- 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
PROPERTY LISTING DETAILS
1.702.927.5501
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263712
Last Updated: 01/23/2021
